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UnknownUnicorn2215917
Sep 1, 2019 1:10 PM

GBPUSD LONG COUNTER IDEA Long

British Pound/U.S. DollarFXCM

Description

Based off my previous idea, this idea seems more logical. Inverted head & shoulders followed by a re-test of the neckline. The exchange rate also shows a 50% retracement and candles getting smaller and wicks getting longer suggesting a decrease in momentum.

Comment

Well looks like my previous analysis was right and this one didn't 🤷🏽‍♂️

Comment

(Journal) Look at the overall trend, and trade direction. No break of TL or shift in momentum.

Comment

Market turned around and broke TL.
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